Furniture - France

  • France
  • In 2024, the revenue in the Furniture market in France amounts to €24.37bn.
  • It is projected that the market will experience an annual growth rate of 1.96% (CAGR 2024-2029).
  • The largest segment within the market is the Living Room Furniture segment, which has a market volume of €6.71bn in 2024.
  • When compared globally, in the United States generates the highest revenue in the Furniture market, reaching €244bn in 2024.
  • Taking into account the total population figures, the per person revenue generated in France in 2024 is €375.60.
  • The French furniture market is experiencing a surge in demand for vintage and antique pieces, reflecting the country's rich history and appreciation for timeless design.

Key regions: Worldwide, United States, China, India, Germany

 
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Analyst Opinion

The Furniture market in France has been experiencing steady growth in recent years, driven by changing customer preferences, market trends, and local special circumstances.

Customer preferences:
in the Furniture market have shifted towards more modern and minimalist designs, as consumers seek furniture that is both functional and aesthetically pleasing. This trend is in line with global market preferences, as customers worldwide are increasingly opting for sleek and contemporary furniture styles. Additionally, there is a growing demand for eco-friendly and sustainable furniture options, as consumers become more conscious of the environmental impact of their purchases. Trends in the French Furniture market reflect the overall global market trends. One significant trend is the rise of e-commerce in the furniture industry. Online furniture retailers have gained popularity due to their convenience, competitive pricing, and wide product selection. This trend has been further accelerated by the covid-19 pandemic, as consumers turned to online shopping during lockdowns and social distancing measures. Another trend is the increasing popularity of multi-functional furniture, which caters to the growing demand for space-saving solutions in smaller living spaces. This trend is driven by urbanization and the rising cost of housing in major cities.

Local special circumstances:
in France also contribute to the development of the Furniture market. France has a rich cultural heritage and a long tradition of craftsmanship, which has led to the production of high-quality and artisanal furniture. This reputation for excellence has positioned French furniture manufacturers as leaders in the luxury furniture segment. Additionally, the French government has implemented policies to promote the use of sustainable materials and support local craftsmanship, further driving the growth of the furniture industry. Underlying macroeconomic factors have also played a role in the development of the Furniture market in France. The country has a stable economy and a high standard of living, which allows consumers to invest in furniture and home decor. Furthermore, low interest rates and favorable financing options have made it easier for consumers to purchase furniture, stimulating demand in the market. In conclusion, the Furniture market in France is experiencing growth due to changing customer preferences, market trends, local special circumstances, and

Underlying macroeconomic factors:
. The shift towards modern and minimalist designs, the rise of e-commerce, the demand for multi-functional furniture, the reputation for craftsmanship, and government support for sustainable materials are all contributing to the development of the market. With a stable economy and favorable financing options, the future looks promising for the Furniture market in France.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Vue d’ensemble

  • Revenue
  • Key Players
  • Sales Channels
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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